SEATTLE, WASHINGTON--(CCNMatthews - Dec. 13, 2006) - Nevada Star Resource Corp. (TSX VENTURE:NEV)(OTCBB:NVSRF) - Robert Angrisano, President and CEO of Nevada Star Resource Corp. ("Nevada Star"), is pleased to announce that the sale of Nevada Star's Gold Hill sliding-scale net smelter return to Royal Gold, Inc. for net proceeds of US $3.3 million (as previously announced on October 26, 2006) has closed.

The Gold Hill deposit, located just north of the Round Mountain gold mine in Nye County, Nevada, is controlled by Round Mountain Gold Corporation, a joint venture between Kinross Gold, the operator, and Barrick Gold Corporation.

Nevada Star Resource Corp. is a mineral exploration company that uses advanced technology to search for metals that are in high demand world-wide. For more information, including maps, photos and project descriptions, visit www.nevadastar.com.

This release was prepared by management of Nevada Star Resource Corp. who take full responsibility for its contents.

Neither the TSX Venture Exchange nor the NASD OTC Bulletin Board have reviewed or accept responsibility for the adequacy of this news release.